SGL Live on WGN 9 News – Retirement Savings & Cost of Living

Retirement can feel like a moving target, especially when today’s financial pressures compete with tomorrow’s goals. Steve Lewit, President of SGL Financial, shared practical guidance on how to balance the realities of today with the importance of preparing for the years ahead.

Here’s what was covered Live on WGN 9 News:

• Rising costs for essentials are putting pressure on household budgets, making it increasingly difficult to balance current expenses with long-term retirement savings.

• Understanding future expenses, managing credit card debt, and defining lifestyle goals can help determine how much savings will be needed in retirement.

• Employer matching and additional catch-up contributions for those over 50 can help individuals build retirement savings and prepare for future financial needs.